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talk about the october surprise before the elections. this year maybe it was super storm sandy. in china, it seems to be the emergence of the one seen behind of scenes as pulling the strings here. you can explain to people why we're suddenly talking about him and what his importance is? >> even though the people's republic is 63 years old, they don't really have a system in place for succession. mao was leader for life until he died. and then his successor was again a strong man, he was not the president, not a prime minister, not a party general secretary, but he was the ultimate leader. and he decided that min would take over after him and then hugh engine you take you. thousand he's gone. there's nobody around, nobody from the first generation could decide who the next leader will be. so it's the current generation of leaders who have to decide for themselves how they will be succeeded. and this is a totally new experience for china. >> and it's also an experience that the rest of asia is watching very closely. as you say, despite the global media attention very much big on
saw the special animation . >> steve: haven't heard about this. >> gretchen: hurricane sandy sequel dumping snow, wind and ice on people who have no power, heat or water. but help is not on the way. fema is closed due to weather. are you kidding me? >> steve: a big win for president obama leading to a drop if your 401 k. wall street gets hit hard . the investors fear it is the worst to come. so far it is a cheering show. >> brian: let's see what i got. the president promising bipartisanship . harry reid has his dancing shows on. we'll explain. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> gretchen: were they ballet shoes or tap shoes. >> steve: a line dancer. >> brian: boxers can slug and dance. he said i can do both. he prefers to dance. >> steve: we'll tell you about harry reid who is ready to do fighting or dancing . and first it was sandy and now it is snowing. >> brian: i would like to know a storm without a name. >> gretchen: it is call would snow . mother nature playing a cruel trick on people without power. new york, new jersey, with rain, sleet and snow.
homes. >>> still recovering from super storm sandy, residents in new jersey and new york are now being hit by a nor'easter. the heavy, wet snow took down power lines and made the evening commute a pretty dangerous one. >> more than 1,000 flights have been canceled at area's airports and the nation's largest commuter railroad came to a halt. central park picked up 4 inches of snow, which is a record for this date. >> biggest one, ocean county, new jersey, got a foot of snow. pretty big storm. >> you love snow too. >> no, wake me when it is april. the storm is moving into new england making for what is likely to be a messy morning commute. >> with more on the track of snow and rain we are jind by accuweather meteorologist jim dickey. good morning, jim. >> good morning, rob, paula. the effects of the nor'easter. it is rolling out and weakening. this morning we will see conditions improve, new york city down through pennsylvania. storms over in the mid-atlantic. sunshine for the day in fact. dealing with snowfall. massachusetts on northward. inland, in maine, then rain stays steady and hea
, >>> this morning on "world news now" -- more misery for areas hard hit by and still reeling after sandy. >> a snowy nor'easter is dumping up to 10 inches of snow in the new york area making for some real problems this morning. it's thursday, november 8th. >> announcer: from abc news, this is "world news now." >>> welcome everyone. adding insult to injury, snow on top of all of the destruction from sandy. just what this area of the country did not need. good morning, everybody, i'm paula faris. >> good morning, everybody, i'm rob nelson. our nor'easter coverage is up first. >>> also this half-hour, freed after nearly four decade in prison for murders he says he did not commit. the story of a newly freed man also coming up in this half-hour. >>> then, the question -- is the shine off of apple. practically everyone has an i-something. but the company stock is sliding and plenty of people want to know what is wrong with the once mighty tech giant. did you ever think you would hear stock sliding, apple in trouble? >> i think financially they're okay. >> think they are. >> a bunch of guys who knew what t
cost ello. this hour, superstorm sandy has a cruel, cold kitchen following in its footsteps. this new storm is lashing the northeast with snow, rains and wind and hitting the very same areas struggling to recover from last week's devastation. up to eight inches of snow in some areas and power outages from delaware to maine. chewing into the coastline, leaving hundreds of thousands without electricity and heat. rob marciano is on new york's staten island, one of the hardest-hit areas from sandy, where residents now face a whole new set of problems. i just can't imagine the misery there, rob. >> reporter: no. the people that live here, just trying to survive here, they couldn't believe it was happening last night as well. snow was coming down, much more than we anticipated, matter of fact. we got probably four or five inches of it. the sun is trying to break through. the snow is done. that's good. at this time during sandy, the water was up and over my shoulders. homes like this off their foundation f their home was still standing, the bottom floor is completely gutted and brought in ac
winds to the northeast as the region still tries to recover from sandy. a live report from the weather channel. >>> u.s. equity futures are flat at this hour after a big selloff yesterday. a couple individual stock stories that we're watching. apple is in a bear market, down more than 20% from its all time high on september 21st, the day the latest iphone went on sale. apple still enjoys the world's largest market cap. i think maybe yesterday michelle was doing fast money or halftime report or whatever it was and he was talking about you start -- you start shrinking things to make new product or you put out a different color of the ipad. the true innovator already died. every place he went, people were long apple and they already overloved it, so he shorted it at much higher levels. and so far so good. >> got to get that analyst back. >> google was supposed to get there. never made it either. but kind of ugly. >> google probably has a better chance than apple. >> when it had $150 billion market gap, i said it's a gadget company, it can't possibly. so i -- i recuse myself. anyway, qualc
for first time unemployment claims. labor department warns the figures were distorted by superstorm sandy. applications declining in one state because the unemployment office lost power during the storm. sandy pushing up applications in other states because those temporarily out of work sought benefits. martha: you may see some people getting jobs as rebuilding begins on the northeast. here is little perspective on the number since december 2007. here is the chart we look at. weekly jobless claims stayed above 300,000. they spiked back in 2009. we're a long way from that number. economists say weekly claims must consistently fall below 375,000. that is shown by yellow line. we've been bumping along it for a long time. to indicate the job market is truly strong enough to move the economy in the right direction to change the overall unemployment number. lately weekly jobless claims have dipped below the line, averaging 372,000 a week this year. this is the fourth time the claims have been under 360 in the past 4 1/2 years. overall, 5 million americans are collected unemployment benefits. th
hurricane sandy, but the potential demand coming from this nor'easter. add to that long-term policies and energy from president obama it'll make energy in interesting future. as you produce less and consume less, now the focus is on consumption. a look at oil today, slamming it today down three and a half dollars on a barrel of oil. that is an incredible move it even more incredible considering the fact oil rallied initially when the exit polls started to show traders might win the election. we are seeing prices get slammed. $0.10 per gallon, heating oil down 8.98. very interesting inventory report. huge demands, it sent lower on gasoline, 13% lower on diesel and that could get worse next week. back to you. lori: in the middle east more bullish for energy prices? >> it is, the focus is on the demand side of the equation. if europe is going to slow down, the u.s. will slow down, the middle east isn't going to pop up until something actually happens. a lot of supply even if we get a cut off of supply. lori: thank you. the dow down 270 points. we have to go to nicole petallides on the fl
? >> retailers like macy's finally quantifying the effect of hurricane sandy. walmart kicking off black friday earlier than ever. we start this morning with the markets looking to bounce back from yesterday's selloff and nearly 1313 drop in the dow. europe on wall street's radar after the ecb and bank of england kept key rates unchanged. draghi holding a press conference right now saying he sees economic rekafr ri remaining weak and reforms are crucial to boosting growth potential on top of greece passing an unpopular package of austerity measures on wednesday and necessary for greece to receive another round of international financial aid. china's ruling communist party congress con vealing today in a leadership change. so much to digest overseas, jim. what came out of the ecb is expected. came out of greece seems to be largely expected. but spain still resisting. a bailout. that's trouble. >> i know. every day the crucial -- that's the crucial link. you have to give them the good loans. take away the bad loans. create a situation of two banks and they're gone from 760 to 708. i think that th
the northeast today with wind, water and snow. its arrival came just over a week after hurricane sandy battered the region. police cars in new york city patrolled low-lying neighborhoods, urging people to evacuate again. the approaching nor'easter brought a wintry mix of cold and snow and possibly, minor flooding in already damaged coastal areas. new york mayor michael bloomberg: >> we haven't and won't order the kind of large scale evacuation we ordered in advance of hurricane sandy but if you are experiencing significant flooding during sandy you should consider taking shelter with friends and family at a safer spot or using one of the city's storm center shelters. >> sreenivasan: in new jersey, thousands of storm-weary people braced for their brush with the new storm, even as cleanup efforts continued from "sandy". governor chris christie suggested it was a little like the biblical plagues. >> when i finally got that final kind of, forecast that i got last night, i said i'm waiting for the locusts and pestilence next, you know. >> sreenivasan: the storm could also bring wind gusts of 65 mile
. the market cap of australia's top insurer eroded on news that losses from super storm sandy will cut deeply into its bottom line. qb says it's now looking to raise half a bell i don't know dollars in debt to make up for around 300 to $450 million in losses from u.s. storm damage. the insurer still expects 30% more annual profit than last year, but it's a big step down from the strong profit picture painted through the first half. more corporate earnings there japan. in the philippines, ayala third quarter figure. i said i can't, malaysia and singapore markets closed to celebrate the festival of lights. >>> still to come, this week's installment of our trade links special. we'll talk about the challenges of building a start up abroad with the founder of the eco-friendly diaper company. >>> establishing a business can be a daunting task particularly to start ups and small businesses as the founders of an eco-friendly diaper company found out. kelly started asking by what challenges they encountered when they decided to move their business from australia to the united states. >> there was a ve
in the national title game. >>> superstorm sandy no longer dominates the national headlines but certainly if you live in this area you know it's still very much a crisis for people living in those hardest-hit areas. we are going to go live to new york's rockaways coming up next. s that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. 100% new. 100% mmm... wow, that is mmm... it's so mmm you might not believe it's a hundred calories. new yoplait greek 100. it is so good. new yoplait greek 100. the wheels of progress haven't been very active lately. but because of business people like you,
from superstorm sandy. let's go "outfront." good evening. "outfront" tonight, markets tanked. the day after president obama wins a second term, the dow has its worst day in a year. the dow finished the day down nearly 313 points. for the first time in three months, it closed below 13,000 and when you look at the broader markets, all were down 2.5%, so is the election really to blame? "outfront" tonight, michael farr, author of restoring our american dream. good to see you. i know there were a lot of markets often go down on the day after an election and they're worry about the fiscal cliff and europe. -- >> you really can't tell. certainly we had a couple of point run-up prior to the election and then this morning without the distraction of all of a political punditry and bluster, we see marcus all of a sudden come back down. perhaps investors confronted the fiscal cliff and what's going on in greece. they need another $40 billion. china's slowing and we've got 2% gdp growth. fairly tepid. >> the credit rating agencies, the we couldn't make a deal last time around. fitch was one of th
in this election, certainly the convention in tampa and then sandy. it's easy to measure the impact but among the voters that decided last night and in the last seven days barack obama actually won a majority which is a huge surprise to political scientists around the country who will tell you when you have an incumbent challenger the challenger picks up the majority of the last voters and the so-called undecided voters. in this case they broke for the incumbent and sandy probably had something to do with that. so i think it is a matter of policy. it's a matter of outreach that includes people speaking for the republican party and a matter of tone making people feel that this is not just an inclusive party, these policies are inclusive and the way to create more jobs and never can be for everybody is to have the policies that were enunciated in the plan that met on the lead out and we were not successful getting it to that level. >> do you think the comments by the senatorial candidates todd akin and richard more mattered in the polling that use all for the republicans brought the? >> yes. ag
from super storm sandy, a nor'easter is pummeling the region tonight, bringing with it powerful rains, wind and sleet. already today, 22,000 homes and businesses have lost power between the carolinas and new york. that's on top of the 650,000 people still without power from sandy last week. today's storm has also forced the cancellation of nearly 1,500 flights in the northeast, with newark airport in new jersey facing the most cancellations. >> susie: boeing showed today how it's preparing for the so- called "fiscal cliff": it's restructuring its defense business, big time. as the pentagon's largest supplier, boeing said it is slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in
think the numbers are awful. >> sandy and fiscal cliff, a powerful combination. >> i don't want to shop. what does that mean if i don't want to shop. >> all retailers are doomed. >> frightening concept if i don't want to shop. >> i don't believe it. i can't believe it. >> i can't seen summon taking my debit card -- i wanted to go to the mall -- >> if that's not enough to get lawmakers' attention, i don't know what is. >> rise above, congress. that's what that says. >>> groupon tumbling market. missed wall street forecast. blaming weakness in europe for the shortfall. the stock has fallen more than 80% so far this year up. take a look at any metric and what you're seeing over the past three quarters there's a market decline in everything. in every important metric of its business there's a decline, including revenue growth. >> one of my favorite lines in this, what i regard as being almost a -- those remembering the dear soviet union they would put out -- soviet troops doing well in afghanistan. the best line is as discussed in our last call to understand the numbers, you have to dig bel
down amid controversy about the utility's performance amid the devastation of hurricane sandy. he said he had been planning for months to resign. >> there was a story, lead story about long island power and how awful -- >> governor cuomo set up a group to go looking into how all of these power authorities actually performed during this. >> there are crazy things going on in my neighborhood too where these guys are working hard and they come from all over. some union -- some non-union guys were turned away. other ones, i heard, standing around, they didn't know where to go. it took a long time, when they did come, they weren't aware we were still down, we had to flag people down, two full weeks. anyway, back to the tuna story we promised you. fishing experts are meeting in morocco to discuss the future of the blue fin tuna. participants are expected to call for an increase in quotas for tuna. the blue fish has begun recovery in recent years after at one point being on the brink of extinction. in japan, as you can imagine as the world's largest tuna consumer. sushi, right? >> right. >> e
for millions in the northeast still recovering from the last week's devastating hurricane sandy. powerful winds, rain and snow -- i mean, it was blizzard conditions around here in many places last night -- knocking out power to many who had only recently gotten it back. in new york and new jersey alone, 60,000 people are again in the dark. some transit service also taking a hit. the long island railroad, some call it the wrong island failroad, suspended all service due to weather. and airlines canceled at least 1300 u.s. flights. mean time, new stories of unbelievable hardship are starting to emerge again. this is video -- look at this. look at that shot in staten island, new york. folks there cannot catch a break. snow now covering piles and piles of debris and garbage that they've been waiting for someone to take. we're told the smell of sewage is getting stronger and that face masks are now being handed out to help people deal with it. signs like this also popping up. this one reads: obama, fema, help! folks are angry and frustrated after learning that fema offices closed yesterday due to ba
attention to the northeast and weather. a week after being battered by sandy, storm stricken areas are bracing for a nor'easter as hundreds of thousands do not have power and a new flooding threat looms. want to check in with meteorologist todd gross back at hq. >> it's more than that. there's a real threat of significant snow in the new york metropolitan area and that's one of the things we're going to be discussing because there are still leaves on the trees, my friends, and that does not bode well as we saw one year ago when you have leaves on the trees and wet snow, it can be a major player in how the storm ends up. i'll explain what i mean. first of all, if you look at the satellite and radar combined, you can see the bright colors moving in on long island and moving in on new jersey. that is the actual first wave of precipitation coming in from this knockout nor'easter. there's already big winds from the storm. the big winds are in eastern massachusetts. nantucket gusting to 50 miles an hour already. there may be minor coastal flooding from the jersey shore through long islan
. fedex office. >>> welcome back to "squawk box." in the face of destruction from superstorm sandy, how is charitable giving standing up this year? join success gail mcgovern, president and ceo of the american red cross and gail, thank you for joining us this morning. >> thank you, becky, for having me on the show. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've stepped up and we're doing everything possible to put their hard earned dollars to work. this has been a massive operati operation. we've served 7.3 million meals and snacks in four weeks. in terms of how it will impact giving we recently did a survey and what we learned is that three out of four people
sandy. >> i thought that the ceo of pbh told an amazing story. a gigantic number of stores were taken out by sandy and yet he still was very confident about the numbers. i will say -- i've been very negative about jcpenney and stocks not doing anything, he did say pointblank that jcpenney had a really good, really good black friday. >> really? >> i want you to remember, jcpenney is going big using a heritage brand that had plus seven comp number. i have to point it out. i've been negative on jcpenney. what he said was he has seen some acceleration of sales there. i don't know if that means profits. >> how narrow is that in terms of their channels and does it -- as we watch jcpenney shares reversed on your remarks just now. >> knight capital reversed on your remarks. >> my remarks were based on something that was happening. >> that shows you that people watch this show more than -- i think it's emblematic -- i was in jcpenney recently. i bought a really nice hat. for weather like we had yesterday. a lot of what's happened at jcpenney is to embrace the brands not unlike what macy's has
-- following his hands on response to hurricane sandy. before the storm, 56% of registered voters in the garden state approved of the job he was doing after sandy, they were surveyed again giving the governor -- >> look at these numbers. >> 77%. >> willie, you're a new jersey guy. new jersey native. i'm sure you can't remember a governor having a 77% approval rating, a republican governor in a blue state having a 77%. 67% of democrats in new jersey give chris christie a positive rating. i just -- he's defying gravity politically. it's remarkable. >> by historical new jersey standards in these polls, that 56% number was outrageous to begin with. a republican governor in the state of new jersey gets 52%. yes, it's the storm, but it's also what we saw on the show, i think it was two weeks ago, him and randy weingarten sitting down. there are people who don't like his style, don't like the way he does things, but they recognize he's working with the other side, a thing we don't see much in washington to get things done for the people. yes, it's the storm, but also the body of what he's done -- >> m
to save their homes after superstorm sandy. the emotional clean-up effort that is now underway. >> storm friday morning. friday morning i said i couldn't take anymore because they turned our gas off. when they turned the gas off, that was the end for me. i told my wife i would go off a bridge if i had to. >> oh, my gord. the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you s
to third quarter gdp on thursday. here with what to watch for including effects from superstorm sandy is steve liesman. >> good interview on blackberry. a week to pay attention to the data. it will be affected by hurricane sandy making it difficult to figure out underlying momentum. gdp is not one of the data points. we put an asterisk next to data potentially affected by sandy. some worry that markets won't see through sandy effects and could walk away with a bearish look. there's durable goods potential effect there down 1.3% after a surge the prior month. consumer confidence, probably not. new home sales certainly in the northeast have potential. moving on to thursday. jobless claims. definite potential there and pending home sales. not gdp. this game at the end of the quarter or after the quarter had ended. now let's look at jobless claims data here. do we have that? i think we do. there we go. there's hurricane sandy. hurricane katrina. you can see it's following a very, very similar pattern there and the expectation is that it will come down again on thursday to 390,000. one mor
york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and high frequency trading. p. >> money markets used to be covered by the fdic when the crisis first came on. >> and also worth pointing out, there was one failure of mary sha piro's time in office, shall was th
to begin rationing gas. yes, rationing gas in the wake of the superstorm sandy. and now a powerful nor'easter. we have details. and more news coming up after this. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ >>> a dramatic development in the infamous wikileaks case. lisa sylvester's back. she's monitoring that and some other top stories in "the situation room" right now. what happened? >> wolf, the army private accused of leaking millions of government documents to the controve
shopping season. superstorm sandy knocking the wind out of consumers up and down the east coast. joining us to talk about the retail sector is davidberman, founder of hedge fund derden capital. thank you for coming in today. it is great to have you here. we looked at the retail numbers yesterday. and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. al
, consume could be in for a rude awakening. third quarter gdp on thursday. a little bit of sandy and a little bit of fiscal cliff in this 1.2 to 2.2, those are the forecasts i have seen so far. >> do you think perhaps the consumer is not reflecting the fiscal cliff issues because the last time, we keep going up to the edge of the cliff and then things get -- things get resolved? >> it's a good question. it strikes n s me that looking at the debt ceiling debate i think consequences were equally stark but more easily understood, people anticipated that and more bad stuff in the economy. the consumer confidence numbers showed that job prospects looked good, home buying intentions look good, a buoyancy to the consume they're wasn't there. >> wasn't there. >> face the debt ceiling. yeah. >> thank you, steve. >> sure. >> as always. if you want more on this special coverage that we have, the crisis is in a special section of our website, riseabove.cnbc.com, check it out. it has some terrific information, ty. >>> breaking news now from the bond market. two-year notes up for auction. you
that the government can borrow at below 2%, and jfk. that was his way of putting it. that was before sandy. >> we don't need to build high-speed rail. >> i understand. >> really? we don't need to have solar energy next year powering all our cars. >> wait a second. i think there's a clean energy agenda over the longer term. but near term, if we're going -- >> it's not about jobs. >> i was with peter, we were in tokyo for the world bank meetings. peter has this great story. and it is about spending now and taking care -- >> this is the larry summers idea. >> jim liked it, too. >> it's not going to happen. >> it's not going to happen. you guys are really bumming me out. >> it's just not. >> i've even let you build a few things. >> the president only won this thing a few hours ago. >> we're going to have net fiscal contraction starting in 2013. that is where we are. >> net fiscal contraction. >> you're with bush in four years? i don't know. let me think about that. >> i'm a bush republican. as long as there's a bush republican running. >> i already threw christie out there. require want to get on the rec
Search Results 0 to 49 of about 61 (some duplicates have been removed)

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